Amazing Crypto

Category: Trading

  • Market Update: Uncertainty Remains Thick as Bears Claw Bitcoin Price Below $6K

    Market Update: Uncertainty Remains Thick as Bears Claw Bitcoin Price Below $6K

    Bitcoin’s price has been dragging downward and on March 29, BTC’s fiat value slipped beneath the $6K zone. Most of the top ten cryptocurrencies are down between 5-8% in the last 24 hours. As the global economy falters and the halving approaches, people are uncertain about the future price of bitcoin as “safe-haven” theories have…

  • CoinDeal Token – a Wide Range of Earning Possibilities

    CoinDeal Token – a Wide Range of Earning Possibilities

    Launched in the second quarter of 2019, CDL Token is a rapidly growing project, which has more and more to offer for its users. From the very beginning, CDL was not supposed to be an ordinary token. The goal was to create a functional cryptocurrency which would enable the users of the CoinDeal exchange to…

  • Market Update: Bulls Return, 120 Million Tethers Minted, Bitcoin Halving Looms

    Market Update: Bulls Return, 120 Million Tethers Minted, Bitcoin Halving Looms

    On March 20, cryptocurrencies jumped in value erasing some of the losses that took place over the course of the market carnage last week. The entire cryptoconomy gained a quick $39 billion during Thursday and Friday’s trading sessions and global trade volume has spiked significantly as well. As the coronavirus outbreak has been pushing investors…

  • Advanced botnet attack caused $1.2bn in longs liquidation on BitMEX

    Bitcoin’s price struggle was further exacerbated last week when the coin plunged to $3,700 on BitMEX and caused almost $1.2 billion in long contracts to be liquidated on the platform. Now, the exchange’s CTO has revealed that the liquidations were caused by sophisticated botnet attacks that have been probing the platform for days and were…

  • Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Havoc

    Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Havoc

    Stablecoins have seen massive volume and growth this month especially after the market carnage on March 12. Per usual, tether has been the king of stablecoins following the market downturn, but the 4.6 billion USDT wasn’t enough for all the liquidity needed to shield the storm. Other tokens pegged to the U.S. dollar like USDC,…

  • Is this the best way to prevent the next massive crypto flash crash?

    To prevent future crypto market crashes, the managing partner at Multicoin Capital proposed a bold solution—creating an industry-wide alliance of circuit breakers. However, while having a stock market-like mechanism that halts trading might slightly delay losses when trading, many saw this as going against everything cryptocurrencies stand for and a move that would ultimately centralize…

  • Edward Snowden ‘Felt Like Buying Bitcoin’ While Traders Hunt for the Market Bottom

    Edward Snowden ‘Felt Like Buying Bitcoin’ While Traders Hunt for the Market Bottom

    Following three consecutive days of losses shedding $50 billion off the cryptoconomy, digital currency markets lost another $44 billion in a matter of hours on March 12. Not only did ‘Black Thursday’ wreck traditional markets, but gold and bitcoin felt the brunt as well. Amidst the sell-off, the whistleblower Edward Snowden said that he “felt…

  • MyEtherWallet enables users to instantly purchase Ether with fiat

    MyEtherWallet, an open-source interface for Ethereum wallets, has announced the launch of its mobile application. In a press release shared with CryptoSlate, the company said that its newly-established partnership with money transfer service Wyre will enable its users to purchase ETH directly through the app with their credit cards. Popular Ethereum wallet launches mobile app…

  • Bitcoin Gold Whale Allegedly Controls Half the BTG Supply

    Bitcoin Gold Whale Allegedly Controls Half the BTG Supply

    According to a recent study, bitcoin gold (BTG) market prices are being manipulated by a single whale who holds a significant portion of the bitcoin gold in circulation. The Bitcoin Gold network was recently hit with a 51% attack that caused two blockchain reorganizations. The team of BTG developers introduced a new soft fork concept…

  • The Algorithms That Control the Cryptocurrency Market

    The Algorithms That Control the Cryptocurrency Market

    Algorithms are at the heart of 21st century life, invisibly controlling many of the systems we use and take for granted on a daily basis. Pervasive algorithms determine the entertainment we consume (Netflix, Spotify), the information we read (Google), and the chatter we hear (Facebook, Twitter). It’s no different in crypto, where complex and ever-evolving…